CDW and HD Supply Quiet Periods End, Analysts Weigh In Positively

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By Jon C. Ogg Published
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Wall Street is seeing the quiet period end for two recent hot initial public offerings (IPOs) this Tuesday. CDW Corp. (NASDAQ: CDW) and HD Supply Holdings Inc. (NASDAQ: HDS) have both performed very well, both up close enough to 30% or so since coming public. It turns out that the Wall Street analysts are still biased on the upside ahead for both companies.

CDW Corp. (NASDAQ: CDW) is the retail and wholesale place for computers and office technology offerings that was taken private during the private equity boom. Its stock closed at $22.79 on Monday and its IPO price was $17 against a post-IPO range of $17.38 to $23.00.

HD Supply Holdings Inc. (NASDAQ: HDS) is an industrial distribution company and its shares closed on Monday at $23.00 against a post-IPO trading range of $17.80 to $23.33 with a $4.2 billion market cap. Its 53+ million share IPO was at $18.00 per share.

CDW Corp. (NASDAQ: CDW) analysts gave it the following coverage:

  • Equal Weight and $24 price target at Barclays
  • Buy and $26 price target at Deutsche Bank
  • Buy and $27 price target at Goldman Sachs
  • Overweight and $26 price target at J.P. Morgan
  • Equal Weight at Morgan Stanley
  • Outperform and $25 price target at Raymond James
  • Neutral and $25 price target at RW Baird
  • Buy and $27 price target at Stifel Nicolaus

HD Supply Holdings Inc. (NASDAQ: HDS) has the following analyst initiations:

  • Overweight and a $27 price target at Barclays
  • Buy and $28 price target at BB&T
  • Neutral and $24 price target at Citigroup
  • Outperform and $27 price target at Credit Suisse
  • Buy and $28 price target at Deutsche Bank
  • Neutral and $23 price target at Goldman Sachs
  • Overweight and $27 price target at J.P. Morgan
  • Outperform and $25 price target at Raymond James
  • Buy and $27 price target at UBS
  • Outperform and a $25 to $27 range at Wells Fargo
  • Outperform at William Blair
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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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